Stablepoint Partners LLC Has $1.53 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Stablepoint Partners LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,277 shares of the basic materials company’s stock after buying an additional 197 shares during the quarter. Stablepoint Partners LLC’s holdings in Air Products and Chemicals were worth $1,531,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of Air Products and Chemicals in the third quarter valued at $25,000. Raleigh Capital Management Inc. lifted its stake in Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 43 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Fortitude Family Office LLC increased its stake in shares of Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APD. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Monday, November 18th. Mizuho raised their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. BMO Capital Markets upped their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Barclays upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $315.00 to $365.00 in a research note on Friday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $335.65.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $329.29 on Friday. The firm has a 50 day moving average of $310.14 and a 200-day moving average of $296.47. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $337.00. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $73.23 billion, a PE ratio of 19.17, a PEG ratio of 3.16 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, April 1st. Air Products and Chemicals’s payout ratio is currently 41.21%.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.